Good news for first time buyers in St Helen Auckland

For those struggling to save a deposit to buy a new build home, Bryant Homes has some brilliant news – a deposit of just £6,247 is required for a three bedroom, two bathroom semi-detached Raglan home in St Helen Auckland.

Thanks to the housebuilder’s shared equity Easystart* scheme, buyers will own 100% of their home but pay only 85% of the price – with only a 5% deposit necessary. With this package, the buyer secures a mortgage on 80% of the property price then Bryant steps in by providing a rent and interest-free loan on the remaining 15% of the purchase price for up to ten years.

Jackie McKeown, sales manager for Bryant Homes, commented: “This scheme recognises the fact that there are many people who want to buy a home of their own but cannot afford to save for a deposit. The three bedroom Raglan home at Manor Park is available for a 5% deposit of just £6,247 which is much more achievable than a regular deposit, which can be up to 20% of the purchase price.

“Not only that but because you only need a 5% deposit, the monthly repayment could be as low as £594.37.”

This offer, which is only available for a limited amount of time, is on selected three bedroom Raglan properties. The ground floor of the Raglan has a lounge, kitchen with dining area, cloakroom and integral garage, while the first floor has the family bathroom and three bedrooms – one with en-suite facilities.

Manor Park can be found off Leazes Lane, offering a relaxing retreat nestled in the calming surroundings of St Helen Auckland.

The village has a good selection of amenities including pubs and restaurants and also benefits from being close to Bishop Auckland. This busy market town boasts over 200 shops and over 50 places to eat and drink, as well as tourist spot Auckland Castle.

Location wise Manor Park also has a great deal to offer. The development is in easy reach of the A688 and A1(M) routes north to Newcastle Upon Tyne and south to Darlington.

For further information about the shared equity at Manor Park, call into the sales office situated off Leazes Lane, open between 10am and 5.30pm, Thursday to Monday.

* Offer available on selected developments and plots only. Taylor Wimpey will provide a loan for 15% of the purchase price for up to 10 years, secured by a second charge over the property. The repayment sum will reflect 15% of the market value of the property at the time the property is sold or remortgaged. No interest is payable unless there is a default. Terms and conditions apply and full details will be provided on request. This offer is subject to status and only available on selected developments and properties. It is not offered with any other promotion. Applicants will need to use a Mortgage Broker and Solicitor from Taylor Wimpey's panel, who will act solely for the applicant. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.